ZAR8 Yield
Coming soon A rand-denominated digital asset designed to pay weekly rewards.
ZAR8 is 80eight's rand-pegged digital asset. ZAR8 Yield is not available on the 80eight platform yet: once it launches, holding ZAR8 will earn weekly rewards.
- Coming soon — not yet available on the 80eight platform
- Rand-pegged digital asset
- Weekly reward distributions, paid automatically, once it launches
What ZAR8 is
ZAR8 is 80eight's rand-referenced stablecoin: fully collateralised, with supply matched to reserves, holding one to one against the rand.
It runs on Ethereum as an ERC-20 token for V1, and only verified accounts can hold it. The OTC desk settles in it alongside rands and dollar stablecoins.
How the reward will reach you
Once ZAR8 Yield launches, holding ZAR8 will earn weekly reward distributions. They will be paid automatically and appear in the app — there will be nothing to claim and no button to press.
Nothing will be set aside to earn them. Your holding will stay liquid throughout — you will be able to move between ZAR8 and rands inside the app whenever you want, and the reward will accrue on what you hold for as long as you hold it.
What we can do to it, and what you cannot do with it yet
When ZAR8 Yield launches, your ZAR8 will be held custodially inside 80eight and you will not be able to withdraw it to your own wallet — that is on the roadmap rather than in the product, and we would rather say so now than let you find out at the withdrawal screen.
Two powers exist and are worth knowing about. Transfers, minting and burning can each be paused independently in an emergency, and an address can be frozen on a regulatory request, which stops it sending, receiving and redeeming. If we ever paused the contract, we would tell you.
Digital assets are not bank deposits and are not covered by a deposit-protection scheme. Holding and trading digital assets involves significant risk, including the risk of substantial loss.